Lincoln Electric Board Approves 15% Dividend Increase

CLEVELAND, Oct. 30, 2013 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq:LECO) announced today that its Board of Directors has approved a 15% increase in the quarterly cash dividend, from $0.20 per share to $0.23 per share, or to $0.92 per share on an annualized basis. The declared quarterly cash dividend of $0.23 per common share is payable January 15, 2014 to shareholders of record as of December 31, 2013.

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Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc welding systems, plasma and oxyfuel cutting equipment and has a leading global position in the brazing and soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln has 45 manufacturing locations, including operations and joint ventures in 19 countries and a worldwide network of distributors and sales offices covering more than 160 countries. For more information about Lincoln Electric and its products and services, visit the Company's website at www.lincolnelectric.com .